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Essex Property Trust Shiller PE Ratio

: 80.13 (As of Today)
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As of today (2019-10-23), Essex Property Trust's current share price is $327.73. Essex Property Trust's E10 for the quarter that ended in Jun. 2019 was $4.09. Essex Property Trust's Shiller P/E Ratio for today is 80.13.

NYSE:ESS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 17.63   Max: 83.51
Current: 80.04

17.63
83.51

During the past years, Essex Property Trust's highest Shiller P/E Ratio was 83.51. The lowest was 17.63. And the median was 56.79.

NYSE:ESS's Shiller PE Ratio is ranked lower than
92% of the 286 Companies
in the REITs industry.

( Industry Median: 19.85 vs. NYSE:ESS: 80.04 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Essex Property Trust's adjusted earnings per share data for the three months ended in Jun. 2019 was $1.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.09 for the trailing ten years ended in Jun. 2019.


Essex Property Trust Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Essex Property Trust Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.48 82.48 70.61 68.73 62.46

Essex Property Trust Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.54 63.76 62.46 72.97 71.33

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Essex Property Trust Shiller PE Ratio Distribution

* The bar in red indicates where Essex Property Trust's Shiller PE Ratio falls into.



Essex Property Trust Shiller PE Ratio Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Essex Property Trust's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=327.73/4.09
=80.13

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Essex Property Trust's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Essex Property Trust's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=1.4/256.143*256.143
=1.400

Current CPI (Jun. 2019) = 256.143.

Essex Property Trust Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.740 215.969 0.878
200912 0.210 215.949 0.249
201003 0.450 217.631 0.530
201006 0.320 217.965 0.376
201009 0.210 218.439 0.246
201012 0.150 219.179 0.175
201103 0.270 223.467 0.309
201106 0.320 225.722 0.363
201109 0.230 226.889 0.260
201112 0.420 225.672 0.477
201203 0.670 229.392 0.748
201206 1.070 229.478 1.194
201209 0.450 231.407 0.498
201212 1.220 229.601 1.361
201303 0.680 232.773 0.748
201306 0.670 233.504 0.735
201309 1.840 234.149 2.013
201312 0.850 233.049 0.934
201403 0.580 236.293 0.629
201406 0.020 238.343 0.021
201409 0.850 238.031 0.915
201412 0.630 234.812 0.687
201503 0.920 236.119 0.998
201506 0.700 238.638 0.751
201509 0.650 237.945 0.700
201512 1.220 236.525 1.321
201603 1.190 238.132 1.280
201606 1.100 241.018 1.169
201609 1.000 241.428 1.061
201612 2.980 241.432 3.162
201703 2.720 243.801 2.858
201706 1.080 244.955 1.129
201709 1.210 246.819 1.256
201712 1.570 246.524 1.631
201803 1.380 249.554 1.416
201806 1.520 251.989 1.545
201809 1.220 252.439 1.238
201812 1.780 251.233 1.815
201903 1.810 254.202 1.824
201906 1.400 256.143 1.400

Add all the adjusted EPS together and divide 10 will get our .


  (:) Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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